India Voltage Stabilizer Market is Expected to Register a High CAGR During the Forecast Period
Sales of electrical equipment such
as ACs, refrigerators, and TVs are increasing, and government investment is rising, which is fueling India
Voltage Stabilizer market expansion.
According to
TechSci Research report India Voltage Stabilizer Market- By Region,
Competition, Forecast & Opportunities, 2018-2028, the India Voltage Stabilizer market is expected to register robust
growth during the forecast period, 2024-2028. Rising urbanization and industrialization in India's growing economies
have led to significant investments in updating the nation's deteriorating
electric power infrastructure, which has increased demand for automated voltage
stabilizer. Voltage stabilizers
are electronic power supply devices that automatically adjust the output
voltage to the load. Voltage stabilizers are becoming more and more essential
due to concerns about some regions' aging and underperforming electricity
transmission and distribution systems. Customers are becoming more and more
aware of the usage, technological details, and also how they affect the growth
of the device.
The government's increased
emphasis on the creation of smart cities, rising investments made under the
"Make in India" and "Invest India" initiatives, and rising
sales of consumer durables such as air conditioners, refrigerators,
televisions, etc., which need stabilisers to protect the equipment from power
fluctuations, are all contributing factors to the market's anticipated growth. Moreover,
it is anticipated that increasing technical advances and rising demand from
Tier II, Tier III, and Tier IV cities would have a favourable impact on the
India voltage stabiliser market during the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the “India voltage Stabilizer Market”
Consumer products such as air
conditioners, televisions, and freezers have been more popular recently,
particularly in the wake of the COVID-19 epidemic as individuals continue to
work from home. As a result, the average ticket size of sales for comfort home
goods has significantly increased. For instance, tier-II cities and towns have
a greater demand for split air conditioners than tier-I cities.
Additionally, there is a high demand for luxury goods in the smaller tier-II
cities, including larger-screen TVs, better refrigerators, washing machines,
and gadgets with IoT and AI capabilities.
Owing to its frequent voltage fluctuations and power
outages, South is now the region that purchases the most voltage stabilizing
equipment. It also has several metro and non-metro cities, all of which have a
lot of commercial, industrial, and residential facilities and need stabilizers.
In order to achieve this, the government
has created a number of programs to encourage both domestic and foreign
businesses to establish manufacturing and R&D facilities in India. Examples
of these programs include the Production Linked Incentive Scheme (PLI) for
Large Scale Electronics Manufacturing and the Modified Electronics
Manufacturing Clusters Scheme (EMC 2.0). Such activities are boosting stabilizer
production in the nation as well as their sales to diverse sectors.
The India Voltage Stabilizer Market is
divided into type, application, and controller. Based on type, the market is further
divided into single phase and three phase. On the basis of application, the
market is divided into mainline, air conditioner, refrigerator, TV, washing machine,
and others.
Based on controller, the market is further
bifurcated into servo and static. In both commercial and domestic settings,
residences, and companies, used servo stabiliser as a well-liked
substitute for low-high rating appliances. It offers unequalled voltage supply
to safeguard your delicate equipment. Single-phase and three-phase systems from
servo are available in both oil-cooled and air-cooled units.
Major market players in the India Voltage Stabilizer
market are: -
- V-Guard Industries
- Capri
Group
- Servomax
India Pvt. Limited.
- Consul
Neowatt Power Solutions Private Limited
- Livguard
Energy Technologies Private Limited
- Luminous
Power Technologies Pvt. Ltd.
- Jindal
Electric & Machinery Corporation
- Bluebird
Power Controls Pvt. Ltd
- Servokon
System Ltd
- Microtek
International Private Limited
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“Growing expenditure in modernizing India's aging
electric power infrastructure has been made as a result of the country's
increasing industrialization and urbanization, which has raised the demand for
automated voltage stabilizer. The market is also expected to grow during the
forecast period owing to the large number of stabilizers that have been
installed in the supply chain and packaging sectors to run different machines,
including conveyor belts, wrapping equipment, and coding and marking systems." said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based India
management consulting firm.
“India Voltage Stabilizer Market by Type (Single Phase and Three
Phase), By Application (Mainline, Air Conditioner, Refrigerator, TV, Washing Machine
and Others), By Controller (Servo and Static), Competition Forecast &
Opportunities, 2018 – 2028” has evaluated the
future growth potential of India Voltage Stabilizer market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the India Voltage Stabilizer market.
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